there never was a recovery, there was no growth, 2008 is still happening, whomever is new prez has a got a lot to deal with in 2016
Is the recession starting? It very well may be.
- Thread starter HawktimusPrime
- Start date
Wrong. The banks hands were forced by federal policy and regulation, that required them to make mortgage loans to folks who couldn't pay them back. The feds then created and approved the market by which the bad loans could be bundled and sold. The WST has detailed how this happened.
100% wrong. It was, in fact, regulation that caused the financial meltdown. The feds were chasing a policy of increased home ownership, especially for poor and minorities, by requiring banks to make mortgage loans to people who could not pay them back. That artificially drove up housing prices and created the crisis.
Ah, the good old wingnut revisionism mythology that federal policy caused the recession. You have been brainwashed well!
I'm sure they would be had I graced them with my presence. Keep pouring water into the ocean, you'll drown it eventually.
Fannie Mae and Freddie Mac love this post from you Ciggy. You just can't ever decide whether you're a supporter of the elite or if you are a detest of them can you? Whatever fits your agenda I guess.....
Well you did say you went there, maybe when you were pretending to be a black guy. Hard to keep all your lies straight.
I'm sure whatever community college you attended at night is proud of you.
Never said I went to DMACC. You're playing Jello games with breed crumbs here.
lol, you cant even keep your lies straight black man. What community college proudly calls you an alum?
No, I am simply capable of accepting the demonstrable truth, and do not deny it simply based on allegiance to ideology.
Syracuse,..Community college. Oh wait is it a community college? I forgot actually. Do you think you can google that? I do also have online course going at the moment from Kaplan. You know that GI Bill though, use it or lose it, eh?
Keep the questions coming though... I LIKE IT!!!
Not online at Syracuse actually. Tell us about your educational history.online classes at syracuse and kaplan
Dowling
Harvard
Im everything you hate and i love it.
Never been a black guy though.
Good grief. This started by you claiming that the average S&P PE without FANGs included would show that the market was not overvalued when it was at 18K. I noted that if one looked at good, solid companies that their P&Es were in the twenties, which is higher than the historic average. I also noted that the last 20 years are an anomaly that contain two humongous bubbles that skew the average PE substantially higher than it historically is. So, you suggest to make the period a little longer (50 years), but still include the outlier period (the last 20 years).
Whether the market is overvalued is always a matter of opinion. However, the current correction pretty much proves that your buddies were wrong, and that it was overvalued at that time. Sorry if you're in the business as a broker or whatever, but anyone who tries to tell you that we were undervalued or even fairly valued is just trying to get you to buy when you should be very careful.
IMHO, of course.
